London & Valley Water
A consortium of Thames Water senior creditors proposing to recapitalise it.
Last refreshed: 27 July 2026 · Appears in 1 active topic
Can a creditor consortium's rescue keep Thames Water out of special administration?
Timeline for London & Valley Water
Proposed £3.35bn equity and £3.25bn debt for Thames Water
Is Britain Actually Broke?: £6.6bn bid to keep Thames Water privateBackground
London & Valley Water is a consortium of Thames Water's senior creditors, formed to recapitalise the struggling utility after an earlier rescue led by KKR collapsed. It put forward a revised proposal of £3.35bn in new equity and £3.25bn in fresh debt on 21 July 2026, requiring Ofwat's approval, a public consultation and High Court sign-off before it can complete. Elliott Management and Apollo Global Management are among the creditors backing it.
Who is London & Valley Water?
How much is London & Valley Water offering for Thames Water?
Does London & Valley Water still need approval?
Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 27 July 2026. Editorial standards.